Taiwan dollar depreciation will help exports: business leaders

Want China Times
Date: 2015-08-12

Business leaders in Taiwan said Tuesday that a moderate depreciation of the Taiwan

Employees at Taipei Forex Inc, Aug. 11. (Photo/Chen Chi-chuan)

Employees at Taipei Forex Inc, Aug. 11. (Photo/Chen Chi-chuan)

dollar will help the nation’s exports after the currency tumbled that day.

China’s depreciation of its yuan triggered a wave of Asian currency falls Tuesday, with the Taiwan dollar shedding NT$0.320 to close at NT$32.080 against the US dollar.

Both Tsai Lien-sheng, secretary-general of the Chinese National Federation of Industries, and Lai Cheng-yi, head of the General Chamber of Commerce of the Republic of China, said the depreciation of the Taiwan dollar will be helpful to the country’s exports.     [FULL  STORY]

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